The Government of Tajikistan has asked the Majlisi Namoyandagon (Tajikistan’s lower chamber of parliament) to give consent to borrowing 100 million U.S. dollars.
According to government’s resolution posted on the Justice Ministry’s legal information website, it's about getting a loan at the annual rate of 2% from the National Bank of Tajikistan (NBT).
The document does not specify for what needs the government plans to spend the attracted funds.
As of July 1, Tajikistan’s public debt has amounted to 3.7 billion U.S. dollars, which is equal to 42.3 percent of the country’s gross domestic product (GDP).
Public debt can be raised both externally and internally, where external debt is the debt owed to lenders outside the country and internal debt represents the government's obligations to domestic lenders.
The external debt accounted for 88 percent of the public debt and the internal debt accounted for 12 percent.
The internal debt amounted to 500 million U.S. dollar, which was equal to 4.7 percent of GDP.
The external debt amounted 3.2 billion U.S. dollars, which was equal to 41.6 percent of GDP.
If the Majlisi Namoyandagon gives consent to borrowing 100 million U.S. dollars, the country’s internal debt will increase by 20 percent and the public debt will increase by 2.7 percent.
